PLANADVISER - March/April 2022 - 8

Legislative and Judicial Actions
compliance news //
Climate-Related Financial Risk
The Department of Labor has issued
a request for information seeking
public comment on what actions, if
any, it should take under federal law to
protect employees' retirement savings
and pensions from risk associated with
climate change.
The RFI, published by the
DOL's Employee Benefits Security
Administration, follows President Joe
Biden's executive order on climaterelated
financial risk, which directs
the department to identify actions
it can take under the Employee
Retirement Income Security Act, the
Federal Employees' Retirement System
Act of 1986, and other relevant laws to
safeguard the life savings and pensions
of U.S. workers and families from the
threats of such risk. Together, ERISA
and FERSA provide oversight to more
than $13 trillion in plan assets.
In October 2020, EBSA proposed
a rule that would remove barriers to
retirement plan fiduciaries' ability to
consider climate change and other
environmental, social and governance
factors when selecting investments
and exercising shareholder rights.
EBSA says the RFI deals with a
broader set of questions than does the
proposed rule, " Prudence and Loyalty
in Selecting Plan Investments and
Exercising Shareholder Rights, " and is
a different initiative. The RFI solicits
general input on agency actions that
can be taken under ERISA, FERSA and
other pertinent laws and poses specific
questions related to data collection
and fiduciary issues under ERISA and
FERSA's Federal Thrift Savings Plan, as
well as to other miscellaneous topics.
The RFI's comment period runs for
90 days, starting from its publication
in the Federal Register on February 14,
and includes instructions on how to
submit comments.
New Cybersecurity Rules Possible
The Securities and Exchange
Commission voted in early February in
favor of proposing new rules under the
Investment Advisers Act of 1940 and
the Investment Company Act of 1940
related to the cybersecurity policies
of registered investment advisers and
fund companies.
Under the proposal, which is detailed
in regulatory text stretching to nearly
250 pages, RIAs and fund companies
will need to adopt and implement
written cybersecurity policies and
8 | planadviser.com March-April 2022
Art by Laila Ekboir

http://www.planadviser.com

PLANADVISER - March/April 2022

Table of Contents for the Digital Edition of PLANADVISER - March/April 2022

A Digital Divide
Staying Power
The Prospects of Staying Virtual
Another Retention Tool
Is It Time to Let Go?
The Evolving Use of RFPs
Best Interest Reasons For a Rollover
Guaranteed Lifetime Income
PLANADVISER - March/April 2022 - C1
PLANADVISER - March/April 2022 - FC1
PLANADVISER - March/April 2022 - FC2
PLANADVISER - March/April 2022 - C2
PLANADVISER - March/April 2022 - 1
PLANADVISER - March/April 2022 - 2
PLANADVISER - March/April 2022 - 3
PLANADVISER - March/April 2022 - 4
PLANADVISER - March/April 2022 - 5
PLANADVISER - March/April 2022 - 6
PLANADVISER - March/April 2022 - 7
PLANADVISER - March/April 2022 - 8
PLANADVISER - March/April 2022 - 9
PLANADVISER - March/April 2022 - 10
PLANADVISER - March/April 2022 - 11
PLANADVISER - March/April 2022 - 12
PLANADVISER - March/April 2022 - 13
PLANADVISER - March/April 2022 - 14
PLANADVISER - March/April 2022 - 15
PLANADVISER - March/April 2022 - 16
PLANADVISER - March/April 2022 - 17
PLANADVISER - March/April 2022 - A Digital Divide
PLANADVISER - March/April 2022 - 19
PLANADVISER - March/April 2022 - 20
PLANADVISER - March/April 2022 - 21
PLANADVISER - March/April 2022 - 22
PLANADVISER - March/April 2022 - 23
PLANADVISER - March/April 2022 - Staying Power
PLANADVISER - March/April 2022 - 25
PLANADVISER - March/April 2022 - 26
PLANADVISER - March/April 2022 - 27
PLANADVISER - March/April 2022 - 28
PLANADVISER - March/April 2022 - 29
PLANADVISER - March/April 2022 - The Prospects of Staying Virtual
PLANADVISER - March/April 2022 - 31
PLANADVISER - March/April 2022 - Another Retention Tool
PLANADVISER - March/April 2022 - 33
PLANADVISER - March/April 2022 - Is It Time to Let Go?
PLANADVISER - March/April 2022 - 35
PLANADVISER - March/April 2022 - The Evolving Use of RFPs
PLANADVISER - March/April 2022 - 37
PLANADVISER - March/April 2022 - 38
PLANADVISER - March/April 2022 - Best Interest Reasons For a Rollover
PLANADVISER - March/April 2022 - Guaranteed Lifetime Income
PLANADVISER - March/April 2022 - C3
PLANADVISER - March/April 2022 - C4
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